05320oam 22011654 450 991078824600332120230721045613.01-4623-6690-21-4527-0267-51-4518-6957-61-282-84051-79786612840517(CKB)3170000000054995(EBL)1607825(SSID)ssj0000943964(PQKBManifestationID)11523999(PQKBTitleCode)TC0000943964(PQKBWorkID)10983189(PQKB)11180517(OCoLC)874176086(MiAaPQ)EBC1607825(IMF)WPIEE2008096(EXLCZ)99317000000005499520020129d2008 uf 0engur|n|---|||||txtccrAccumulating Foreign Reserves Under Floating Exchange Rates /Fernando M. GonçalvesWashington, D.C. :International Monetary Fund,2008.1 online resource (43 p.)IMF Working PapersIMF working paper ;WP/08/96Description based upon print version of record.1-4519-1411-3 Includes bibliographical references.Contents; 1. Introduction; 2. Theoretical Model: Basic Set-up; 3. Complete Information; 3.1. Centralization; 3.2. Institutional Arrangements in Practice; 3.3. Separation; 3.4. Centralization versus Separation; 4. Incomplete Information; 4.1. Stage 1: Centralization versus Separation; Figures; 1. Timetable; 4.2. Stage 0: Centralization versus Separation; 5. Comparative Analysis Under Incomplete Information; 5.1. Simulation of Stage 0 Parameters; 2. Simulation of Stage 0 Parameters; 5.2. The Trade-off Between Reserve Accumulation and Credibility Building; 5.3. Centralization versus Separation5.3.1. Macroeconomic Stability3. Macroeconomic Stability - Centralization versus Separation; 5.3.2. Reserve Targeting; 4. Reserve Targeting - Centralization versus Separation; 5.3.3. Discussion; 6. Concluding Remarks; References; Appendix; Proof of Proposition 1; Proof of Corollary 1Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary policy. The model uncovers a trade-off between the speed of reserve accumulation and anti-inflationary credibility. Under reasonable assumptions, delegation of intervention and monetary policy decisions to separate government agencies allows faster reserve accumulation, while centralization of these decisions results in a more stable economy. The analysis underscores the importance of rather overlooked institutional features of policymaking in open economies.IMF Working Papers; Working Paper ;No. 2008/096Foreign exchange ratesEconometric modelsBank reservesEconometric modelsMonetary policyEconometric modelsBanks and BankingimfForeign ExchangeimfInflationimfMoney and Monetary PolicyimfPublic FinanceimfMonetary PolicyimfPrice LevelimfDeflationimfTaxation, Subsidies, and Revenue: GeneralimfMonetary economicsimfMacroeconomicsimfBankingimfCurrencyimfForeign exchangeimfPublic finance & taxationimfInflation targetingimfReserves accumulationimfForeign exchange interventionimfInstitutional arrangements for revenue administrationimfMonetary policyimfPricesimfForeign exchange reservesimfRevenueimfForeign exchange ratesEconometric models.Bank reservesEconometric models.Monetary policyEconometric models.Banks and BankingForeign ExchangeInflationMoney and Monetary PolicyPublic FinanceMonetary PolicyPrice LevelDeflationTaxation, Subsidies, and Revenue: GeneralMonetary economicsMacroeconomicsBankingCurrencyForeign exchangePublic finance & taxationInflation targetingReserves accumulationForeign exchange interventionInstitutional arrangements for revenue administrationMonetary policyPricesForeign exchange reservesRevenue332.456Gonçalves Fernando M862010DcWaIMFBOOK9910788246003321Accumulating Foreign Reserves Under Floating Exchange Rates3673569UNINA04180nam 2200757 450 991081874120332120230126211446.03-11-039497-910.1515/9783110343403(CKB)3280000000039083(EBL)1433422(SSID)ssj0001401634(PQKBManifestationID)11760138(PQKBTitleCode)TC0001401634(PQKBWorkID)11370797(PQKB)11464926(MiAaPQ)EBC1433422(DE-B1597)246006(OCoLC)893457178(OCoLC)960201650(DE-B1597)9783110343403(Au-PeEL)EBL1433422(CaPaEBR)ebr11010358(CaONFJC)MIL806225(OCoLC)898769488(EXLCZ)99328000000003908320150209h20142014 uy 0engur|nu---|u||utxtccrCommon sense in early 18th-century British literature and culture ethics, aesthetics, and politics, 1680-1750 /Christoph HenkeBerlin, [Germany] ;Boston, [Massachusetts] :De Gruyter,2014.©20141 online resource (326 p.)Buchreihe der Anglia =Anglia Book Series,0340-5435 ;Volume 46Description based upon print version of record.3-11-034335-5 3-11-034340-1 Includes bibliographical references and indexes.Front matter --Preface --Contents --List of Illustrations --1. The Discourse of Common Sense --2. The Ethics of Common Sense --3. The Transgressions of Common Sense --4. The Politics of Common Sense --5. The Other of Common Sense --6. The Afterlife of Common Sense --Bibliography --Author and Title Index --Subject IndexWhile the popular talk of English common sense in the eighteenth century might seem a by-product of familiar Enlightenment discourses of rationalism and empiricism, this book argues that terms such as 'common sense' or 'good sense' are not simply synonyms of applied reason. On the contrary, the discourse of common sense is shaped by a defensive impulse against the totalizing intellectual regimes of the Enlightenment and the cultural climate of change they promote, in order to contain the unbounded discursive proliferation of modern learning. Hence, common sense discourse has a vital regulatory function in cultural negotiations of political and intellectual change in eighteenth-century Britain against the backdrop of patriotic national self-concepts. This study discusses early eighteenth-century common sense in four broad complexes, as to its discursive functions that are ethical (which at that time implies aesthetic as well), transgressive (as a corrective), political (in patriotic constructs of the nation), and repressive (of otherness). The selection of texts in this study strikes a balance between dominant literary culture - Swift, Pope, Defoe, Fielding, Johnson - and the periphery, such as pamphlets and magazine essays, satiric poems and patriotic songs.Buchreihe der Anglia ;Volume 46.Literature and societyGreat BritainHistory18th centuryCommon sense in literatureEnglish literature18th centuryHistory and criticismCommon senseSocial aspectsGreat BritainGreat BritainIntellectual life18th centuryCommon sense.English literature.eighteenth-century culture.eighteenth-century literature.Literature and societyHistoryCommon sense in literature.English literatureHistory and criticism.Common senseSocial aspects820.9/355Henke Christoph1119518MiAaPQMiAaPQMiAaPQBOOK9910818741203321Common sense in early 18th-century British literature and culture3962652UNINA